The Chart of the Day belongs to the on-line retailer PDD Holdings (PDD). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11 / 7 the stock gained 29.34%.

(Click on image to enlarge)

PDD Price vs Daily Moving Averages

PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace. It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 91.33% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 30.85% in the last month
• Relative Strength Index 84.42%
• Technical support level at $134.76
• Recently traded at $141.73 with 50 day moving average of $107.06

Fundamental Factors:

• Market Cap $183 billion
• P/E 28.50
• Revenue expected to grow 62.30% this year and another 31.50% next year
• Earning estimated to increase 38.70% this year, an additional 24.70% next year and continue to compound at an annual rate of 4.05% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analyst gave 20 strong buy, 21 buy and 2 hold opinions on the stock
• Analysts' price targets are between $112 and $213 with a consensus of $156 for a 10% gain
• The individual investors following the stock on Motley Fool voted 54 to 7 for the stock to beat the market with the most experienced investors voting 4 to 3 for the same result
• Value Line gives it an average rating of 3  but notes a 5 year total return of 475%
• CFRAs MarketScope rates it a hold

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